Renaissance Technologies LLC Sells 60,152 Shares of StealthGas Inc. (NASDAQ:GASS)

Renaissance Technologies LLC decreased its holdings in StealthGas Inc. (NASDAQ:GASS) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,032,076 shares of the shipping company’s stock after selling 60,152 shares during the quarter. Renaissance Technologies LLC owned approximately 5.62% of StealthGas worth $14,936,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in StealthGas by 17.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,250,536 shares of the shipping company’s stock valued at $7,403,000 after purchasing an additional 189,157 shares during the last quarter. Janney Montgomery Scott LLC raised its position in StealthGas by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company’s stock valued at $577,000 after purchasing an additional 8,054 shares during the last quarter. Jump Financial LLC raised its position in StealthGas by 16.6% in the 4th quarter. Jump Financial LLC now owns 38,469 shares of the shipping company’s stock valued at $249,000 after purchasing an additional 5,475 shares during the last quarter. EntryPoint Capital LLC bought a new position in StealthGas in the 1st quarter valued at $62,000. Finally, Inspire Advisors LLC bought a new position in StealthGas in the 1st quarter valued at $232,000. Institutional investors own 66.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded StealthGas from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 15th.

StealthGas Stock Down 0.4 %

NASDAQ GASS opened at $6.87 on Friday. The stock has a fifty day moving average of $6.31 and a 200-day moving average of $6.62. The stock has a market capitalization of $248.30 million, a P/E ratio of 4.84 and a beta of 0.80. StealthGas Inc. has a 52 week low of $4.73 and a 52 week high of $8.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.20 and a current ratio of 2.50.

StealthGas Profile

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.